Portugal’s supreme court has ordered the country’s national airline TAP to shell out €50 million in compensation to its pilots. The court said that it agreed with the pilots union [...]

The Altis Hotels Group, with its flagship Altis Grand Hotel in Lisbon, has represented comfort, quality and hospitality since 1973 when it was founded by entrepreneur Fernando Martins. Still a [...]

Portugal’s Caixa Geral de Depósitos (CGD) is preparing to close 23 branches in August. The news did not come from the bank, but rather from a union that represents public bank employees, STEC. [...]

Germany can “count 100% on Portugal for the construction of a gas pipeline, whether natural gas or green hydrogen”. This is according to Portuguese Prime Minister, António Costa who made his [...]

Demand for houses rose 7.5% in Lisbon and fell 5.6% in Porto in the first quarter of 2022. Nevertheless, both regions continue to be the most sought after by home hunters with Lisbon leading at [...]

Media Capital, the Portuguese group which includes TVI and CNN Portugal has slashed its debts to €16 million and has posted a net profit of €40.8 million. The group closed the first half with a [...]

EDP lost more retail consumer clients in 2021 to other suppliers than any other supplier in 2021. Two companies in Portugal in particular picked up these lost clients: Goldenergy and Endesa that [...]

Exports of car components totalled €836 million in June, a like-for-like increase of 14.5%. However, the first half of 2022 suffered a 1.8% fall compared to the same period in 2021. According to [...]

Mergers and acquisitions in Portugal for the first six months of the year involving Portuguese companies tumbled 24% to 249 like-for-like on 2021. The value of these mergers and acquisitions fell [...]

Bright Pixel Capital, the technology investment company that belongs to Portuguese multinational Sonae, announced this week that it had participated in a Series B financing round led by Spark [...]